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Punjab to introduce colour-coded stamp papers for industrialists

According to Chief Minister Bhagwant Mann, the purpose of colour coding of the stamp papers is to facilitate early clearance of the projects for the industrialists.

Statesman News Service | Chandigarh |

Punjab Chief Minister Bhagwant Mann on Tuesday said the state government will soon introduce colour coding for stamp papers to facilitate early clearance of the projects for the industrialists.

Addressing industrialists in Amritsar ahead of the two-day Invest Punjab Summit from 23 February, the chief minister said clearance for new industrial projects will be given within a week for the industrialists applying for the same with the colour coding for stamp papers.

He said current political stability and quick decision making mechanism along with out of box ideas will soon make Punjab a front running industrial state in the country.

Striking an emotional chord with the entrepreneurs, Mann asked them not to go anywhere and rather focus on expanding their business here to serve their motherland. The state government is already providing a conducive environment to industry in the state.

The CM said Punjabi entrepreneurs have proved their mettle across the globe and now they should focus on growth within the state. This will open new vistas of employment for youth besides giving a major push to industry.

Mann pointed out that earlier the industries used to sign MoUs with the families in power but ever since he has assumed charge of government, the agreements are signed for people of state. The affluent families used to get benefit of these agreements but now Punjabis will enjoy its fruits.

He said the state government has introduced the new industrial policy for Punjab to give further impetus to Industry and commerce. He said this policy has been framed after due consultations with all the stakeholders especially the industrialists.

Mann said the traditional political parties are envious of him because they are not able to digest that the son of a common man is governing the state effectively. He said the people of the state have lost their faith in the traditional political parties because of their anti-people and anti-Punjab stance adding that the wise and brave people of the state had ousted these parties during the 2022 Assembly polls due to which they are frustrated now.

Mann said the leaders of these parties are now ganging up with each other to mislead the people.